Saturday 17 October 2026 Export MVST’s income statement to Excel — free account

Microvast Holdings, Inc.

Microvast Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $427.5 million, up 12.6% from fiscal 2024. In the quarter to June 2026, revenue fell 4.46%, EPS grew 90.9%, free cash flow fell 132.0% and total debt fell 65.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

0.52 0.05 −8.77%

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Market cap: $219.1M
P/E: 3.1×
Fwd P/E: 6.9×
Dividend yield: —
F-score: 5/9
Altman Z: −0.24
Beneish M: −2.61
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.18

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	—	—	—	—	1	3	—	—	—	—

Insider Ownership 39.58%

Capital & Financial Ratios $m

Market Cap 219.13

Revenue 367.56

Net Income 51.27

Free Cash Flow (16.00)

Net Debt (24.46)

Current Ratio 1.09

Debt/Equity 0.22

P/E ratio 3.14

Fwd P/E 6.94

P/S ratio 0.49

P/B ratio 0.33

Past 5Y EPS Growth —

This Y EPS Growth (200.00%)

Next Y EPS Growth 325.00%

Next Y revenue growth (15.25%)

Next 5Y EPS Growth 35.72%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 11.57%

10-year low 10-year high

P/B against its own 10 years 9.30%

10-year low 10-year high

EV/Sales against its own 10 years 4.81%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	88	110	169	143
Receivables	139	121	156	121
Inventory	150	143	89	94
Other	—	20	12	—
	426	428	449	375

	2023	2024	2025	Q'26
Payables	113	65	47	63
ST’ Debt	35	71	234	104
Other	43	44	6	5
	403	330	488	344

Compound Annual Growth %

	10y	5y	3y
Sales	—	31.79%	27.87%
Cash Flow	—	37.30%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	(12.51%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	61	87	—	—	—
’25	116	91	123	96	428
’24	81	84	101	113	380
’23	47	75	80	105	307
’22	37	64	39	65	204
’21	15	33	37	67	152
’20	—	—	31	77	108

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(23)	(11)	—	—	—
’25	7	37	15	16	76
’24	2	0	(5)	6	3
’23	(11)	(30)	(29)	(5)	(75)
’22	(25)	(39)	5	5	(54)
’21	(2)	(13)	(10)	(20)	(45)
’20	0	0	6	10	16

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(26)	(11)	—	—	—
’25	5	34	5	16	60
’24	(8)	(3)	(10)	6	(15)
’23	(47)	(87)	(89)	(37)	(260)
’22	(66)	(65)	(12)	(61)	(205)
’21	(28)	(17)	(20)	(68)	(133)
’20	0	0	(9)	6	(3)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.13	(0.03)	—	—	—
’25	0.17	(0.33)	0.00	0.05	(0.09)
’24	(0.08)	(0.25)	0.03	(0.26)	(0.61)
’23	(0.10)	(0.08)	(0.08)	(0.08)	(0.34)
’22	(0.15)	(0.15)	(0.12)	(0.11)	(0.52)
’21	(0.16)	(0.27)	(0.49)	(0.20)	(1.26)
’20	0.23	(0.04)	(0.10)	(0.43)	(0.34)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	9.71	9.16	5.51	1.38	0.84	0.15	1.09	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	11.72	20.93	25.20	9.54	2.91	2.86	7.12
People
People	Employees	—	—	—	2	2	1,359	1,535	2,006	1,921	1,908
	Revenue/emp, $m	—	—	—	38.22	53.76	0.11	0.13	0.15	0.20	0.22
Income, $m
Income, $m	Revenue	—	—	—	76	108	152	204	307	380	428
	Gross margin, %	—	—	—	(0.30)	15.94	(28.12)	4.44	18.66	31.48	28.56
	EBT	—	—	0	(59)	(34)	(206)	(158)	(106)	(195)	(35)
	EBT margin, %	—	—	0.00	(77.81)	(31.27)	(135.87)	(77.35)	(34.70)	(51.46)	(8.08)
	Net income	—	0	0	(60)	(34)	(206)	(158)	(106)	(195)	(29)
	Depreciation	—	—	0	15	17	21	20	23	31	33
Per share, $
Per share, $	Revenue	—	—	0.00	0.77	1.09	0.82	0.67	0.99	1.19	1.32
	Earnings	—	—	0.00	0.09	0.04	(1.26)	(0.52)	(0.34)	(0.61)	(0.09)
	Cash flow	—	—	0.00	0.14	0.16	(0.24)	(0.18)	(0.24)	0.01	0.23
	Capex	—	—	0.00	(0.20)	(0.19)	(0.47)	(0.50)	(0.60)	(0.06)	(0.05)
	Free cash flow	—	—	0.00	(0.07)	(0.03)	(0.71)	(0.68)	(0.84)	(0.05)	0.18
	Book value	—	—	0.00	0.05	(3.88)	3.69	2.02	1.81	1.22	1.26
	Shares, m	—	—	35	99	99	186	303	311	318	325
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	—	0.00	0.00	6.92	2.24	1.43	1.74	2.13
	P/B	—	—	—	197.26	0.00	1.53	0.75	0.78	1.70	2.21
	EV/Sales	—	—	—	0.00	0.00	3.96	1.08	1.54	2.13	2.41
	EV/FCF	—	—	—	73.76	(74.53)	(4.53)	(1.08)	(1.82)	(54.30)	17.19
Cash, $m
Cash, $m	Operating cash flow	—	—	0	13	16	(45)	(54)	(75)	3	76
	Capex	—	—	0	(20)	(19)	(88)	(151)	(185)	(18)	(16)
	Free cash flow	—	—	0	(7)	(3)	(133)	(205)	(260)	(15)	60
Balance, $m
Balance, $m	Working capital	—	—	0	0	6	531	293	22	98	(40)
	Total debt	—	—	0	—	85	86	90	122	259	289
	Net debt	—	—	0	0	44	(450)	(237)	35	150	120
	Shareholders’ equity	—	—	0	5	(385)	687	613	564	388	411
Returns, %
Returns, %	ROA	—	—	(1.58)	(82.31)	(23.64)	(33.45)	(15.98)	(10.22)	(19.08)	(2.99)
	ROIC	—	—	0.00	(692.70)	0.00	(51.17)	(26.58)	(11.14)	(13.49)	0.82
	ROE	—	—	(0.03)	(4,595.81)	42.66	(154.99)	(24.34)	(18.07)	(41.06)	(7.32)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CPS Cooper-Standard Holdings Inc.	$381.7M	— (loss-making)	13.9×	+2.18% (above 0%: growing)	n/m	+169.83% (above 0%: growing)	11.61%	1.78%	Compare
ECX ECARX Holdings, Inc.	$333.8M	— (loss-making)	242×	+44.73% (above 0%: growing)	n/m	+46.10% (above 0%: growing)	19.76%	(2.75%)	Compare
SES SES AI Corporation	$328.1M	— (loss-making)	— (loss-making)	+43.80% (above 0%: growing)	n/m	−24.58% (below 0%: shrinking)	22.61%	(378.47%)	Compare
HLLY Holley Inc.	$313.6M	29.9×	7.8×	+3.21% (above 0%: growing)	n/m	+86.25% (above 0%: growing)	41.01%	1.61%	Compare
STRT Strattec Security Corporation	$247.0M	12.0×	15.9×	−0.12% (below 0%: shrinking)	−53.17% (below 0%: shrinking)	−63.54% (below 0%: shrinking)	15.57%	4.06%	Compare
MVST Microvast Holdings, Inc.	$219.1M	3.1×	6.9×	−4.46% (below 0%: shrinking)	n/m	−132.01% (below 0%: shrinking)	29.54%	(1.97%)
MPAA Motorcar Parts of America, Inc.	$196.0M	— (loss-making)	15.0×	−10.80% (below 0%: shrinking)	n/m	−277.97% (below 0%: shrinking)	16.17%	2.10%	Compare
SRI Stoneridge, Inc.	$172.6M	— (loss-making)	— (loss-making)	+15.13% (above 0%: growing)	n/m	+35.32% (above 0%: growing)	20.31%	(0.65%)	Compare
CAAS China Automotive Systems, Inc.	$134.1M	4.6×	8.0×	+11.12% (above 0%: growing)	+4.17% (above 0%: growing)	+443.53% (above 0%: growing)	17.33%	7.37%	Compare
Median of peers	$280.3M	12.0×	14.5×	+7.16%	—	+40.71%	18.55%	1.70%

All 53 Auto Parts stocks →

Microvast Holdings, Inc. (MVST) key facts

Strength: Microvast Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $427.5 million, up 12.6% from fiscal 2024.
Microvast Holdings, Inc. (MVST) is an Auto Parts company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, MVST traded at $0.52, a market capitalization of $219.1 million.
Return on equity was −7.32% and debt-to-equity 0.22.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −0.24 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.